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FX.co ★ EU will allocate €100 mln for joint projects

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Forex Humor:::2015-03-12T11:29:00

EU will allocate €100 mln for joint projects

Global geopolitical conflicts lead to the local territory problems among neighboring countries. Russian regions bordered some European countries were the first to feel a negative impact from the escalation of the relations between Russia and Western countries. However, there are some joint projects which were kept intact in spite of the temporary political problems. Among these projects are Kolarctic program and Northern Dimension developed by the EU and Russia. According to the head of European Union's delegation in Russia Vygaudas Usackas, in the following 5 years the EU is planning to allocate €100 million for the projects development. During the official meeting with the head of Murmansk region Marina Kovtun, Usackas emphasized that even in the condition of tough relations the EU is not going to cease the cooperation with Russia and is ready to do what is needed to continue the international dialogue. The expenditure on the joint programs of Kolarctic program and Northern Dimension amounts to €100 million. The head of Murmansk region noted that the region has a good reputation among the neighboring countries and is interested in the international collaboration. People hope that working over these joint projects, Russia and Western countries will manage to improve the level of confidence and partnership. Kolarctic ENPI CBC is carried out in the regions situated on the external borders of the EU and is one of the European Union financial instruments. Northern Dimension is an agreement between Russia and the EU on the partnership in the Northern region.

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